How Can I Retire Early?

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I'm guessing a lot of the people that listen to this show, they're doing everything right. They're saving a good portion of their income. Do you think it is possible to retire in five to ten years? And I guess second follow up would be how could they do that? Yeah, I think it's definitely possible, of course. The long-term stock market is a proven vehicle to build wealth. You can get there typically a lot quicker because you're able to buy assets and those assets cash flow.

Rebecca chats with Tyler Wright. They delve into Tyler's journey to financial freedom at the young age of 27, his thoughts on investing during a down market, and so much more!

Tyler is a stock and real estate investor and entrepreneur who built the company Defining Wealth which helps people define what wealth is to them and achieve financial freedom.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:18 - How Tyler became financially free by 27 years old, and how you can too.

14:55 - Is it possible to retire early and what does it actually take to get there?

24:40 - Some realistic examples of how you could achieve financial freedom within 10 years.

30:15- What the 4% rule is, and how to use it to figure out how much money you need to retire early.

45:39 - Tyler’s investment strategy for 2023 and how he thinks about investing in down markets.

53:42 - The common hurdles faced when trying to fast track your retirement journey and how to overcome them.

56:33 - Tyler’s advice on the best ways to get started for someone wanting to begin their journey to financial independence.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Check out Tyler’s definingwealthonline.com.
Related Episode: MI234: How to Create a Recession Proof Financial Plan w/ Dave Alison, or watch the video.

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